In April, the Consumer Sentiment Index (CSI) published by the Bank of Korea stepped up to 100 points from 98 points in March. The result marks the first increase in the index after four consecutive monthly drops and suggests a recovery in economic sentiment after the index plunged in March to its lowest level in almost two years. With the April reading, consumer confidence sits on the 100-point threshold that separates optimism from pessimism, implying uncertainty in the outlook for private consumption over the coming months. April's survey result represented a rebound from March's reading, when the aftermath of the earthquake crisis in Japan strongly affected Korean households' opinions. While assessment and expectations regarding the general economy recorded the strongest improvement, households' outlook regarding their income in the short term also recovered, leading to better prospects for major purchases going forward.
Korea Consumer Confidence
Consumer sentiment rebounds in April
April 26, 2011
Looking for forecasts related to Consumer Confidence in Korea? Download a sample report now.
Korea Economic News
October 25, 2016
The Korean economy slowed down in the third quarter of this year, expanding at the weakest pace in over a year.
October 13, 2016
At its 13 October monetary policy meeting, the Bank of Korea (BoK) announced that it will hold the base rate constant at a record low of 1.25%, which was largely in line with market expectations.
October 5, 2016
In September, consumer prices rose 0.6% over the previous month, which contrasted the 0.1% decrease in August and overshot the 0.2% increase the markets had expected.
October 3, 2016
Korea’s Customs Services reported that exports totaled USD 40.9 billion in September, which represented a 5.9% contraction over the USD 43.4 billion recorded in the same month last year.
September 30, 2016
The forward-looking business confidence indicator (BSI) for the manufacturing sector produced by the Bank of Korea (BoK) rose from 74 points in September to 75 points in October.